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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating activities:    
Net income $ 47,384 $ 48,088
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization expense 1,279 1,386
Amortization of deferred revenue (956) (1,542)
Amortization of treasury note discount (76)  
Amortization of lines of credit cost 53  
Provision for accounts and notes receivable 955 (80)
Provision for inventory 15 (69)
Gain from sale of leased property (507)  
Amortization of operating lease right of use asset (38) 3,022
Gain on disposal of treasury note (12)  
Share-based payment expense 586 4,744
Changes in operating assets and liabilities:    
Accounts receivable 490 186
Consumer loans activity, net (12,199) (8,752)
Notes receivable MHP activity, net (36,868) (28,052)
Dealer inventory loan activity, net (2,831) (7,757)
Inventories (3,011) (10,025)
Prepaid expenses and other current assets (1,497) 417
Other assets (10) (4,421)
Accounts payable and accrued liabilities 5,110 (2,987)
Right of use activity, net 25  
Customer deposits (3,839) 4,491
Escrow liability 1,355 1,222
Dealer incentive liability (692) 919
Net cash (used in) provided by operating activities (5,284) 790
Investing activities:    
Purchases of property, plant and equipment (4,572) (3,268)
Proceeds from sale of leased property 1,108  
Sale of investments - treasury notes 8,500  
Issuance of notes receivable (13,946) (3,053)
Notes receivable collections 1,028 23,544
Collections from purchased loans 326 372
Net cash (used in) provided by investing activities (7,556) 17,595
Financing activities:    
Proceeds from exercise of stock options 100  
Proceeds from lines of credit 84,336 108,594
Payments on lines of credit (73,868) (116,753)
Net cash (used in) provided by financing activities 10,568 (8,159)
Net (decrease) increase in cash and cash equivalents (2,272) 10,226
Cash and cash equivalents at beginning of period 2,819 1,042
Cash and cash equivalents at end of period 547 11,268
Supplemental disclosure of cash flow information:    
Cash paid for interest 272 208
Cash paid for taxes $ 10,512 $ 11,673